Rentokil Initial plc (NYSE:RTO) Stock Holdings Boosted by Bar Harbor Wealth Management

Bar Harbor Wealth Management boosted its stake in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 7.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 314,773 shares of the company's stock after purchasing an additional 20,935 shares during the period. Bar Harbor Wealth Management owned approximately 0.06% of Rentokil Initial worth $7,847,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC increased its holdings in shares of Rentokil Initial by 345,196.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,560,741 shares of the company's stock worth $47,056,000 after buying an additional 1,560,289 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Rentokil Initial by 130.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company's stock worth $54,530,000 after acquiring an additional 1,041,860 shares during the last quarter. Nicholas Company Inc. purchased a new position in shares of Rentokil Initial in the 2nd quarter worth about $6,093,000. Iridian Asset Management LLC CT grew its holdings in shares of Rentokil Initial by 47.7% during the 2nd quarter. Iridian Asset Management LLC CT now owns 542,694 shares of the company's stock worth $16,091,000 after purchasing an additional 175,304 shares during the period. Finally, Clearbridge Investments LLC increased its position in Rentokil Initial by 5.7% during the 1st quarter. Clearbridge Investments LLC now owns 2,015,514 shares of the company's stock worth $60,768,000 after purchasing an additional 109,561 shares in the last quarter. Institutional investors and hedge funds own 9.91% of the company's stock.

Rentokil Initial Stock Performance

Shares of NYSE RTO traded up $0.18 during trading on Friday, reaching $24.74. 911,934 shares of the stock were exchanged, compared to its average volume of 729,658. The business's 50-day moving average price is $27.75 and its 200 day moving average price is $28.27. Rentokil Initial plc has a twelve month low of $22.40 and a twelve month high of $34.07. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75.

Rentokil Initial Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 17th. Shareholders of record on Friday, August 9th were issued a $0.2034 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a yield of 1.7%.

Analyst Ratings Changes

A number of research analysts have weighed in on RTO shares. Barclays raised shares of Rentokil Initial to a "strong-buy" rating in a research report on Friday, July 26th. Sanford C. Bernstein raised shares of Rentokil Initial from an "underperform" rating to a "market perform" rating in a research report on Monday, July 22nd. UBS Group upgraded Rentokil Initial from a "sell" rating to a "neutral" rating in a report on Monday, July 1st. Finally, Redburn Atlantic cut Rentokil Initial from a "buy" rating to a "neutral" rating in a research note on Thursday, September 19th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $29.00.

About Rentokil Initial

Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, the United Kingdom, rest of Europe, Asia, the Pacific, and internationally. It offers a range of pest control services for rodents, and flying and crawling insects, as well as other forms of wildlife management for commercial customers.